Quote:
|
Originally Posted by dc_dux
Bush would also need to recognize that tax cuts to the top 2% and trickle down economics is in fact, voodoo economics (as George HW Bush rightly noted).
|
I do want to start another lengthy exchange on this issue, but I need to understand one thing from you and others who share the above view. We all know that the affect of federal government fiscal policy can not be measured with precision or predicted with precision because of so many uncontrollable variables (we may never really know the true precise net affect of certain types of tax cuts or increases on the economy, we can only speculate) - that as a given, here is my question regarding a fundamental principle of supply side economics. If a group of people has more disposable income that they re-invested and spend in the economy, is that a good or bad "thing" for the economy?